Dor rns, as below plus15 Jan 2018 10:35
2018 Horse Hill Flow Test Programme:
Doriemus is expecting the 150 day extended flow testing of the Horse Hill-1 well on the Horse Hill oil discovery to commence in March 2018.
As previously advised in December 2017, following a short period of civil works to upgrade site facilities, a 150-day production testing programme focused upon the Portland, KL3 and KL4 reservoirs will commence. As commercially viable initial flow rates were established by the 2016 flow tests, the 2018 testing programmes goal is to confirm that HH-1s reservoirs are each connected to a commercially viable oil volume, thus enabling a declaration of commerciality to be made.
The Portland, KL3 and KL4 flow tests, each planned for around 30-40 days duration, will consist of a sequence of stabilised steady state flow and shut in periods to establish the oil in place ( OIP ) directly connected to the well. A short maximum flow-rate test will also be included for each reservoir. If time permits, a further short-term test of a deeper untested Kimmeridge reservoir may be undertaken.
Testing will commence with the Portland reservoir, which in the Companys opinion, given the 323 bopd stable pumped rate achieved in 2016 and the 32 million barrels most likely OIP calculated by Xodus in 2017, is a strong candidate for commercial viability. Subject to a successful test, a Portland commercial declaration is expected to be made by mid-2018. A Kimmeridge commerciality declaration would follow programme completion and analysis of reservoir engineering data.
Horse Hill Oil Discovery:
The HH-1 Portland sandstone and Kimmeridge Limestone oil discoveries lie within onshore Weald Basin licences PEDL137 and PEDL246 covering an area of 55 square miles (143 km2) north of Gatwick Airport. As previously reported on 21 March 2016, HH-1 flow tested at a significant commercial aggregate stable dry oil rate of 1,688 barrels of oil per day ( bopd ) from the Portland, Kimmeridge Limestone 3 ( KL3 ) and Kimmeridge Limestone 4 ( KL4 ) reservoir horizons.
David Lenigas, Doriemus Plcs Executive Chairman, commented;
Doriemus will be participating in a lot of new oil wells coming on line this quarter and next. All of these wells will provide a solid revenue stream to the Company.
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